Hilton has announced a $13 million adaptive reuse project of the building known by the name of the Madison House, The Walton, Walton Building, etc. as part of an expansion process involving nearly 20 U.S. downtown locations. The hospitality giant plans to convert the building into Atlanta's first Home2 Suites-branded extended stay hotel and expects it to open in August 2015.

Hilton has announced a $13 million adaptive reuse project of the building known as the Madison House, The Walton, and Walton Building as part of an expansion process involving nearly 20 U.S. downtown locations. The hospitality giant plans to convert the building into Atlanta’s first Home2 Suites-branded extended stay hotel and expects it will open in August 2015.

Homewood Suites by Hilton, Hilton Worldwide’s international brand of upscale, all-suite, extended-stay hotels, and Home2 Suites by Hilton, Hilton’s mid-tier, all-suite hotel brand, continue their expansion efforts into urban markets throughout the country. With 11 new urban hotel openings slated for 2015 and seven more metropolitan properties on track to open in 2016, the list includes mainly new builds and so-called dual-builds—where two brands come together in one development.

The Atlanta building will be the only repurposed one in the portfolio. Hilton’s extended-stay brands are present in metropolitan centers. There are currently 19 properties, six of which opened in the last year alone, including New York City, Chicago, Denver, Philadelphia, Dallas, and Oklahoma City. The Home2 Suites by Hilton chain currently operates a total of 23 properties around the country.

Located at 87 Walton St. near Cone Street in the Fairlie Poplar district, the Atlanta project is close to Hilton’s downtown Courtyard and benefits from its proximity to the Five Points MARTA station, several parking garages, dining, nightlife and other destinations. The 1910 building is ten stories high and had recently been offering affordable apartments.

In 2013, Hilton also proposed building a new 129-key Homewood Suites by Hilton extended stay hotel in the Luckie Marietta District, which is expected to be ready by Q3 2015.